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Recent stories from sustg
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Saudi Arabia Celebrates 90th National Day
- September 23,2020
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- SUSTG Team
Saudis around the world are celebrating Saudi Arabia’s 90th National day today, the Kingdom’s top national holiday dedicated to the history of the Kingdom as a unified state.
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King Salman Issues Rare Royal Decree Firing Tourism Officials over Corruption Allegations – SPA
- August 21,2020
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- SUSTG Team
Saudi Arabia’s King Salman has issued a rare royal decree firing a number of officials for legal violations and alleged corruption at tourism projects, including the Red Sea Project and Al-Ula, state news agency SPA reported.
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Saudi Arabia’s King Salman Arrives in NEOM for Vacation, Recovery Period
- August 13,2020
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz traveled to NEOM in the Kingdom’s northwest on Wednesday for a period of rest and relaxation, according to state news agency SPA and Reuters.
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Saudi Arabia’s Schools, Universities Eye August 30th for Restart of Educational Programs
- August 6,2020
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- SUSTG Team
Saudi Arabia is beginning to plan to reopen its schools and universities with a target date of August 30th, according to reports. The Kingdom closed schools and universities on March 9 after the Coronavirus pandemic was detected in Saudi Arabia and countries worldwide began to shutter to stop the spread of the deadly disease.
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Report: Saudi Arabia’s Government Revenue in 2Q 2020 Down by 49% Year-on-Year, but Diversification Push Continues Apace
- July 28,2020
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- SUSTG Team
The twin crises of the Coronavirus and Saudi-led efforts to stabilize the price of oil in the second quarter of this year lead to a sharp decline in the Kingdom’s government revenues, Bloomberg reports. Saudi Arabia’s government revenue dropped by 49% in the second quarter from the same period last year, according to Bloomberg, as the […]
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For Global Oil Demand, ‘The Worst Seems to be Over’
- July 21,2020
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- SUSTG Team
According to latest OPEC forecasts, “the worst seems to be over with respect to global oil demand” as expectations of a rebound for the second half of this year and a positive forecast for 2021 brighten outlooks, a recent report from Riyadh-based Jadwa Investment says.
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U.S. Corporation Air Products and Chemicals, NEOM, and ACWA Power Sign Accord for $5b Renewable Energy-Powered Ammonia Plant
- July 8,2020
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- SUSTG Team
U.S. corporation Air Products and Chemicals signed an accord with Saudi-based ACWA Power International and the kingdom’s planned futuristic city of NEOM to develop a $5 billion hydrogen-based ammonia plant powered by renewable energy, according to reports.
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KAUST Studies How Saudi Arabia’s Red Sea’s Coral Reefs Help Protect the Kingdom’s Coastline
- July 2,2020
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- SUSTG Team
Modeling done by Saudi Arabia’s King Abdullah University for Science and Technology (KAUST) reveals the important role of offshore reefs in the Red Sea in protecting the Kingdom’s coastal zones and highlights the need to conserve the region’s coral reefs.
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Easing of Lockdown in Saudi Arabia Beginning to Show in Economic Data, Jadwa Report says
- July 1,2020
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- SUSTG Team
The partial easing of lockdown restrictions in May was reflected in some economic indicators during the month, Jadwa Investment reports in its latest economic chartbook for that month.
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For the First Time Since January, Kingdom’s Net Foreign Assets Rise
- June 29,2020
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- SUSTG Team
Saudi Arabia’s net foreign assets rose in May for the firs time since January, Bloomberg reports, a reversal of three months of declines.
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EgyptCritics seize on DC visit of Egyptian President Abdel-Fattah El-Sisi to protest ‘power grab’
While Trump is expected to embrace the Egyptian leader, members of Congress in particular are increasingly vocal in their opposition to Sisi's seizure of power and crackdown on political opposition, including the detention of more than a dozen U.S. citizens.
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China in the RegionU.S Middle East Policy Must Contend with the New Power on the Block
China had become the Great Demand Engine of global crude oil (not to mention just about every other major commodity on earth). It was inevitable, therefore, that The Great Supply Engine in the Persian Gulf states would gradually shift closer to the Great Demand Engine of China.
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Nuclear PowerSaudi plans to invite bids for nuclear power project in 2020: sources
Saudi Arabia plans to issue a multi-billion-dollar tender in 2020 to construct its first two nuclear power reactors and is discussing the project with U.S. and other potential suppliers, three sources familiar with the plans said.
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Solar EnergySaudi Arabia shines a light on future of solar power
“The reason (for turning to CSP) is very simple — it’s driven by the tariff, where PV and wind have already internationally given a lower tariff and are basically cheaper compared with conventional energy,”
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Nuclear PowerUS Senators Seek Details on Nuclear Power Cooperation with Saudi Arabia
U.S. senators from both parties on Tuesday asked Energy Secretary Rick Perry for details about recent approvals for companies to share nuclear energy information with Saudi Arabia, with the lawmakers expressing concern about possible development of atomic weapons.
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Jihadi NumbersLow aim or intel failure? ISIS’ last stand shows the difficulty in estimating enemy manpower
“I don’t know the motivation or exact cause. I only know that I’ve come to learn that the U.S. is terrible at estimating overall force size," Joscelyn added. “I don’t trust any manpower estimates for jihadist groups.”
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U.S.-SaudiUS Trump administration approves nuclear power work for Saudi Arabia
Perry’s approvals, known as Part 810 authorizations, allow companies to do preliminary work on nuclear power ahead of the deal, but not ship equipment that would go into a plant, a source with knowledge of the agreements said on condition of anonymity.
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Nuclear PowerCongressional watchdog to probe Saudi nuclear power talks
A congressional watchdog has agreed to investigate the Trump administration’s discussions about sharing nuclear technology with Saudi Arabia, according to people familiar with the matter.
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Solar EnergySaudi Arabia To Build 2600 MW Solar Power Project In Makkah
The Saudi Ministry of Energy, Industry and Mineral Resources yesterday signed an MoU with Makkah Region Development Authority to start the implementation of the Al-Faisaliyah solar energy project, on the sidelines of the second session of Makkah Economic Forum.
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U.S.-Saudi EnergyPermian shale output closes gap with Saudi Arabia as rig count doubles, confirming US’ powerhouse status
In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp. is building a massive shale oil project that its executives boast will allow it to ride out the industry’s notorious boom-and-bust cycles. Workers at its Remuda lease near Carlsbad — part of a staff of 5,000 spread across New Mexico and Texas — are drilling wells, operating fleets of hydraulic pumps and digging trenches for pipelines.
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